Tue 7 Jul 2026
FTSE 100 10,665.88 +1.61%Microsoft 388.84 +5.50%NVIDIA 196.93 +1.01%Apple 310.66 +10.26%Google 363.62 +3.51%S&P 500 7,503.85 +0.85%Nasdaq 25,818.69 -0.01%Dow 52,925.15 +1.42%Russell 2000 2,982.49 -0.93%US 10Y Treasury 4.53% +2.51%Euro Stoxx 50 6,319.86 +0.59%DAX 25,465.25 +1.88%AEX-Index 1,079.00 +0.55%Nikkei 225 68,256.96 -3.15%Hang Seng 23,496.89 +2.04%Gold $4,116.90 +1.19%Silver $60.43 +0.57%Brent Crude Oil $75.92 +6.08%Natural Gas $3.28 +1.86%Copper $6.18 +0.96%GBP/USD 1.3358 +0.81%GBP/EUR 1.1699 +0.78%GBP/AUD 1.9266 +0.51%Bitcoin (USD) $63,776 +1.97%Ethereum (USD) $1,786 +1.69%FTSE 100 10,665.88 +1.61%Microsoft 388.84 +5.50%NVIDIA 196.93 +1.01%Apple 310.66 +10.26%Google 363.62 +3.51%S&P 500 7,503.85 +0.85%Nasdaq 25,818.69 -0.01%Dow 52,925.15 +1.42%Russell 2000 2,982.49 -0.93%US 10Y Treasury 4.53% +2.51%Euro Stoxx 50 6,319.86 +0.59%DAX 25,465.25 +1.88%AEX-Index 1,079.00 +0.55%Nikkei 225 68,256.96 -3.15%Hang Seng 23,496.89 +2.04%Gold $4,116.90 +1.19%Silver $60.43 +0.57%Brent Crude Oil $75.92 +6.08%Natural Gas $3.28 +1.86%Copper $6.18 +0.96%GBP/USD 1.3358 +0.81%GBP/EUR 1.1699 +0.78%GBP/AUD 1.9266 +0.51%Bitcoin (USD) $63,776 +1.97%Ethereum (USD) $1,786 +1.69%
Markets
Advertisement
Follow News in 60 on Facebook
UK Weather
London 26°C ClearBirmingham 23°C ClearManchester 20°C ClearNewcastle 16°C ClearBristol 19°C ClearPembroke 18°C ClearEdinburgh 17°C Partly CloudyBelfast 19°C Partly cloudyInverness 17°C Partly cloudyPenzance 18°C FogHolyhead 17°C ClearNorwich 20°C Partly Cloudy
More Info

NATO Allies Aligning Defense Spending with the US

Advertisement
Follow News in 60 on Facebook

As NATO prepares for its summit in Ankara, Secretary-General Mark Rutte has announced that European allies and Canada are on track to match US defense spending levels. This shift comes in response to long-standing criticisms from the US regarding Europe’s military expenditure and perceived reliance on American military support.

The commitment to increase defense budgets is significant, as it reflects a broader trend of European nations investing more in their military capabilities. Rutte highlighted that European allies are currently investing around 4% of their GDP in defense, which has led to an additional $258 billion in defense investments over the past two years.

This realignment of spending is crucial not only for NATO’s collective security but also for the ongoing support of Ukraine amid its conflict with Russia. With recent attacks on Kyiv, the urgency for enhanced military support has intensified, and NATO leaders are expected to discuss further assistance, including air defense systems for Ukraine.

The summit will also address the goal of reaching 5% of GDP on defense spending by 2035, a target that some countries are struggling to meet. The implications of these discussions could reshape military alliances and defense strategies across Europe, impacting national security and international relations in the years to come.

Source: Radio Free Europe/Radio Liberty

Read more War news →

News Category: War Tags: defense, nato, security, spending, ukraine

Leave a comment

Your email address will not be published. Required fields are marked *